Tag Archives: Building Industry and Land Development Association
Canada News Wire
Sales of new high-rise condominium suites held firm in June while sales of new low-rise homes retreated due to record-low inventory levels of that product type, the Building Industry and Land Development Association (BILD) announced today.
According to RealNet Canada Inc., BILD’s official, independent source of new home market intelligence, there were 2,920 new homes and condos sold in June 2010. While high-rise condo sales remained right in line with 2009 (and 2008), low-rise (single-detached, semi-detached town-home) sales were off by 46%, resulting in a 26% decrease in total new home sales June/June. “It’s a tale of two markets,” quipped BILD President and CEO Stephen Dupuis.
With the first half of 2010 in the books, the recovery in new home sales is revealed by a 69% increase in total new home sales driven by a dramatic 142% increase in sales of high-rise condominium suites. Even compared with January-June 2008, total new home sales are up a healthy 22%.
“By this point last year, the new housing market was nearing full recovery from the global financial crisis. We’re now comparing apples with apples and on that basis, the new home market appears to be on relatively solid footing at this time,” Dupuis said.
He pointed out that the low-rise market is up 29% on a year-to-date basis, with the June decline reflecting an over-shot last year when sales spiked by 60%, as well as the record low inventory levels of detached, semi-detached and townhomes. “With relatively few new project openings thus far this year, low-rise sales have been naturally constrained,” Dupuis stated.
June new home sales were split 60% high-rise, 40% low-rise and through the first six months of the year 53% high-rise, 47% low-rise.
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More than 900 homebuilders, developers, design professionals and sales & marketing experts gathered for the 30th Annual BILD Awards hosted by the Building Industry and Land Development Association (BILD) on April 30, 2010. Over the course of the evening, a grand total of 46 awards were presented in a robust competition that saw more than 700 entries overall.
The Monarch Corporation was named Home Builder of the Year as the builder who is setting the standard for the rest of the industry by excelling in quality, service and customer commitment. The award is based on BILD’s independent survey of the nominees’ homeowners.
Tridel took home the Green Home Builder of the Year award for the third time since its inception in 2007. The developer was the inaugural award winner, repeated in 2008 and narrowly missed the ‘three-peat’ last year. On the low-rise side, the Green Home Builder of the Year award was bestowed upon Mason Homes, who also happened to capture the inaugural award in 2007.
Behind these builder-based awards, the most coveted awards on the evening include the Places to Grow Community of the Year awards and the Project of the Year awards.
The Places to Grow Community of the Year award highlights the community development that is most reflective of the goals of the provincial Places to Grow legislation. The Greenwood Beach Community by Metrus Development Inc. was awarded top honours on the low-rise side while The Daniels Corporation received the high-rise award for its massive Regent Park revitalization scheme.
Lifetime Developments/Great Gulf Homes captured the High-Rise Project of the Year award, plus three marketing awards for X2 in downtown Toronto. Meanwhile, Niche Development Limited picked up the Project of the Year award in the low-rise category for Edgemere Private Residences. If there was a rookie of the year award, it would have went to Niche, whose Edgemere project picked up an evening-high total of five awards, including Best Building Design, Low-Rise.
Following close behind Niche for trips to the stage was Triangle West Developments who garnered four marketing awards for ART Condominiums.
The awards even had a ‘streaker’ of sorts this year with Concord Adex making three consecutive trips to the stage in a sweep of the Best Suite Design awards for three different buildings (Luna, West One and ParadeTWO) at Concord CityPlace in Toronto.
Advertising agency L.A. Inc. got the best workout at the awards, making nine trips to the stage with various clients including Lifetime/Great Gulf (X2), Triangle West (ART Condos) and Minto (775 King West).
Sherry Speakman, National Manager, Builders Marketing and Development for TD Canada Trust received the Riley Brethour Award, bestowed for outstanding and consistent professional achievement in residential sales and marketing.
For a complete list of recipients, as well as winners from previous years, visit www.bildawards.com.
With more than 1,300 members, BILD, formed through the merger of the Greater Toronto Home Builders’ Association and Urban Development Institute/Ontario, is the voice of the land development, home building and professional renovation industry in the Greater Toronto Area. BILD is proudly affiliated with the Ontario and Canadian Home Builders’ Associations.
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